Johnston Press PLC AGM Trading Update (6058F)
May 19 2017 - 1:00AM
UK Regulatory
TIDMJPR
RNS Number : 6058F
Johnston Press PLC
19 May 2017
19 May 2017
Johnston Press plc
AGM Trading Update
The Board of Johnston Press ("Johnston Press" or "the Group"),
ahead of the AGM on 22 May 2017, provides the following trading
update for the 17 week period from 1 January 2017 to 30 April 2017.
Comparatives are against the same 17 week period in 2016, unless
otherwise stated.
The trends seen in the first quarter, as set out in the
announcement of the Group's 2016 results on 29 March 2017, have
continued and the Board expects trading for the full year to be in
line with market expectations.
-- Total revenues for the period, including the i, were up 0.2%;
excluding the i, total revenues were down 12%
-- Digital advertising revenues (excluding classified) were up
10%; including classifieds, digital revenues were up 3%
-- On-network digital audiences are up 11% to 26m, with average page views up 17%
-- The i newspaper continues to perform well, with newspaper
sales volumes (excluding bulks) up 4% in the 12 months since
acquisition, circulation revenues up 23% and average website unique
users grew 12% from February 2017 to March 2017
-- Circulation volumes of key daily newspapers, The Scotsman and
Yorkshire Post, continue to improve, while other large dailies have
also seen some improvement, including the Sheffield Star, Yorkshire
Evening Post and the Edinburgh Evening News
The Board notes that trading conditions for regional newspapers
in the UK remain challenging and, while encouraged by improving
trends across the Group, the management team continues to take
actions to manage its costs tightly.
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For more information, contact:
Johnston Press plc
Ashley Highfield, CEO
David King, CFO 020 7612 2600
Panmure Gordon
Dominic Morley
Charles Leigh-Pemberton 020 7886 2500
Liberum
Neil Patel 020 3100 2000
Powerscourt 020 7250 1446
Juliet Callaghan / John Elliott jp@poowerscourt-group.com
Notes to the Trading Update
1 The figures are derived from unaudited management accounts and
presented on a continuing adjusted basis including the acquisition
of the i on 11 April 2016 and excluding disposals or closures of
businesses and other non-trading or exceptional items.
2 Total advertising revenues (excluding classifieds) excludes
revenues from Jobs, Property, Motors, other classifieds and
features.
3 The digital business (Digital advertising revenue (excluding
classifieds)) includes Local and National Display, Digital
Marketing Services, content marketing and syndication revenues and
excludes classifieds.
4 Newspaper sales includes the i newspaper from 11 April 2016.
The announcement contains inside information for the purposes of
Article 7 of Regulation (EU) No 596/2014.
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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